January 2000 - With import-substitution policies discredited, many have argued for interventions on behalf of export interests. But aren't arguments for export subsidies as flawed as arguments for import substitution? Now that import-substitution policies have failed and been discredited, there...

This paper offers a comprehensive analysis of poverty in India. It shows that no matter which of the two official poverty lines is used, poverty has declined steadily in all states and for all social and religious groups. Accelerated growth between fiscal years 2004-2005 and 2009-2010 led to an...

The subject of India's rapid growth in recent years has become a prominent focus in the public eye. Documenting this growth, and addressing the issues raised by it, Arvind Panagariya offers a sweeping survey that describes and analyzes India's economic development since independence, as well as...

"Economists and policy analysts can influence economic-policy outcomes at various levels. Those directly employed in the government can influence their other bureaucratic colleagues and politicians. They serve on important committees appointed to recommend solutions to specific policy problems....

This paper develops three major themes. First, the atmosphere of gloom around the multilateral trading system due to dim prospects of a successful conclusion of the Doha Round notwithstanding, global trade regime remains open and the institution in charge of it, the World Trade Organization, is...

Purpose – In this study, the authors aim to analyze India's trade performance from the period of liberalization until the recent financial crisis, and compare it to China's. Design/methodology/approach – The authors then examine Indian trade and investment policy and also institutional...